Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...

This article examines the location choices of cross-border Mergers and Acquisitions (M&A) between OECD members´ firms in the 1990`s. In addition to traditional determinants of FDI, we estimate the impact of specific factors affecting the M&A location pattern. Two distinct econometric methods...

In wenigen Monaten wird in Katar die Ministerkonferenz der Welthandelsorganisation (WTO) über die Abhaltung einer neuen Handelsrunde entscheiden. Auf Grund der gegenwärtigen Vorarbeiten werden zwei Themenkreise auf der Traktandenliste der Verhandlungen erwartet: erstens die weitere Umsetzung...

The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this conditionality over time as well as differences between the two institutions. Using panel data it is shown that the number of Fund conditions seem to be influenced by...

The present paper examines the economic development perspectives of the manufacturing sector of 31 major West German regions in the process of globalisation. Public statistics do not provide FDI data on a regional basis. Therefore our study was based on indicators based on the data from the...

Die vorliegende Studie beschäftigt sich mit Wachstumsabhängigkeiten zwischen räumlich benachbarten Gebieten in Westdeutschland im Zeitraum von 1976 bis 1996. Die Hypothese für derartige Wachstumsabhängigkeiten leitet sich aus der räumlichen Dimension von Mechanismen ab, denen ein...

This study examines performance gaps among foreign-owned and domestically-owned Austrian firms. In line with earlier findings our results suggest that the positive effects of participating in a foreign multinational's network can mainly be found in productivity and profitability. A further...

In almost all European countries there is a wide and growing gap between the goals of national immigration policy and its actual outcomes. The main reason for the failure of national migration policies is the loss of effective competence to control today's migration flows on a national level....

The low mobility of people in Europe is considered a problem for adjustment to asymmetric shocks and regional convergence in the European Monetary Union. We suggest a complement to the traditional migration theories, the insider advantages approach to explain why most Europeans prefer to stay....

The findings of recent studies on adjustment processes suggest that regional labour markets in the EU and the US differ significantly. Low wage flexibility and limited labour mobility in European countries involve persistent unemployment differentials across regions. However, the spatial...